Real estate

Boston tests limits on demand for new luxury apartments

This is a summary. To read the whole story subscribe to

A two-year boom in residential real estate construction -- focused almost exclusively on luxury homes for wealthy renters -- is about to test the limits of Boston’s demand for ultra high-priced apartment living.

More than 8,000 units are planned to be completed during the next three years, an unprecedented burst of building that will double the city’s supply of luxury rentals, according to the real estate firm JLL.

The new buildings feature everything from yoga lounges to swank roof decks, and their apartments come at a hefty price. At Avalon Exeter, a tower rising in the Back Bay, one-bedroom units with 800 square feet start at $4,000 a month. At the recently completed 315 on A Street in South Boston, slightly smaller apartments are available for $3,700. Live there with your pet and the rent can go up another by $100 per month.

Full story for subscribers.

Get the full story with unlimited access to

Just 99 cents for four weeks.